He is accused of manipulating the books at Kobyluck in Waterford, pocketing payments made for deliveries to construction sites.

Francis, who was the company's operations manager, was fired in 2014. The company says it completed an audit in March that showed it was missing about $1.14 million as a result of Kobyluck's activities.

Attempts to reach Kobyluck for comment on Friday failed. A listed phone number had been disconnected. He is free after posting a $75,000 bond.

Kobyluck told police he suffers from bipolar mania, a mental disorder that can lead to risky behavior.